Executive Summary
NJBIA’s 58th annual Business Outlook Survey tells a vivid story about the state of New Jersey’s economic climate. There are many positives to report as our members tell us they are broadly optimistic about their own businesses heading into 2017. They expect hiring, sales, profits and wages all to rise. (See...

Once a stretch of dilapidated industrial buildings and rundown housing, the contiguous Hudson River waterfront towns of Weehawken, Hoboken and Jersey City – rightfully known as New Jersey’s Gold Coast – today are among the state’s most highly desirable commercial and residential locations, with 2016 office leasing velocity in the...

Ten multi-generational family businesses were honored recently by the Rothman Institute of Innovation and Entrepreneurship at Fairleigh Dickinson University during the institution’s 24th annual New Jersey Family Business of the Year Awards. The event, held at the Crystal Plaza in Livingston, recognized the significant contributions to...

Ten multi-generational family businesses were honored recently by the Rothman Institute of Innovation and Entrepreneurship at Fairleigh Dickinson University during the institution’s 24th annual New Jersey Family Business of the Year Awards. The event, held at the Crystal Plaza in Livingston, recognized the significant contributions to...

New Jersey’s manufacturers and technology companies are beginning to realize that federal income tax provisions contained in the recently enacted Protecting Americans from Tax Hikes Act of 2015 are certainly worth being excited about. The PATH Act made the R&D tax credit a permanent piece of the federal tax code and created...

Financial ignorance can be expensive. Unanswered quantitative questions and unexplained money issues can negatively impact a business’s bottom line and your personal net worth. According to a recent report by The Wall Street Journal, employee fraud drains organizations by an estimated $300 billion annually. How can individuals both...

When Jeff Naeem was 23 years old, he worked in New York City as a wealth and insurance planner, but the 14-hour daily grind wore on him. Nearly a year in, he was bored and burnt out.
“Just around that time, my friend came up with the idea of starting a junk removal business,” Naeem says. “My initial reaction was … ‘that’s...

A year ago this month, Junior Achievement of New Jersey (JANJ) moved into a 22,000-square-foot facility in Edison to anchor its two capstone programs, which organization President Catherine Milone says had been “nomadic.” She explains that new locations for the “JA Finance Park” and “JA Biz Town” programs had to be found...

The need for more and better prepared graduates in the fields of science, technology, engineering and mathematics – collectively called STEM – has been a major focus this century. President Obama has called for 100,000 new teachers in those fields by 2022. A Business Roundtable “Change the Equation 2014 Survey on US Workforce...

Because of the internet and ramifications of the past recession, companies are consolidating their office spaces. According to Michael Walsh, president and CEO of Parsippany-based Corporate Contracting, Inc. (CCI), “Business dynamics have changed and businesses don’t need the space to accommodate thousands of people,...

The construction market has finally come all the way back to prerecession levels, fueled by a growing economy that’s driving both the commercial and single/multi-family housing markets.
According to Engineering News-Record (ENR), a publication covering the US building industry, the Top 400 US contractors generated $344.14 billion in...

Every year, when the winter rolls around, small business owners across New Jersey are faced with the dilemma of efficiently heating and powering their businesses without breaking the bank. Fortunately, there are many practical energy-saving tips and tricks that can be utilized. In this article, New Jersey Business speaks with five local...

Technology can, on the one hand, facilitate occupational financial crimes, but, on the other hand, leave substantial digital evidence, making it potentially easier to catch criminals if they are a company’s employee(s). Within this context, forensic accountants increasingly possess highly sophisticated computer-based tools designed to...

As Rutgers University celebrates its 250th anniversary on November 10, the state’s largest institution of higher education – and the eighth oldest in the country – has undergone such major changes these past four years that what has transpired since 2012 itself can be called “historical and revolutionary.”
Of major note,...

Operating even the most so-called “typical” small business is an increasingly complex endeavor, given the rise of various sophisticated technologies (including social media strategies and cybersecurity, for example), and, separately, an expanding labyrinth of wide-ranging state and federal laws. Against this emerging backdrop, the...